Double Bottom with MACD Bullish Divergence at 200 Week SMAThis is a riskier trade than normal so i will be reducing my size on this trade but will be targeting insane movement to the upside.
Alternativenergy
FCEL "4th" consolidation wave drives to Trough of 3rd: BEARISH!Fuel Cell has crashed harder than expected and there are a lot of bearish indications on this play now. The average cost is blown (2.79) and now it is pushing towards a trough near 2.4/share. It's tough to guess if this bottom goes even further. Caution is advised; this is never true advice -- but I will NOT be doubling down on FCEL. The hope is to eventually re-realize something closer to average cost before divesting to another position. Perhaps others may not. But that is why I always close, May the odds be forever in your favor.
Overall, this isn't a miss yet - but it's looking far more bearish with further data than we had at the last time of FCEL updates. We'll chime in more when more data makes itself available. Counsel is mostly undecided here :)
Happy trading!
